Laserfiche WebLink
<br /> ~, , <br /> In addition. the law makes many other changes in provisions related to the Hqusing Finance .' <br /> Agency and its programs. , <br /> Chapter 255, the Uvable Communities Act, allows the Minnesota Housing Finance Agency , <br /> to establish an Economic Vitality and Housing Initiative to fund affordable housing projects in <br /> connection with meeting economic deveJopment goals, <br /> Economic development (Chapter 224) This omnibus funding bill also changes , <br /> provisions related to economic development I <br /> It changes recovery grant provisions by specifying that attracting an out-ot-state business or <br /> retaining an existing business is not, alone, sufficient reason to award a grant or loan, I <br /> A multi-jurisdictional reinvestment program involving Hennepin County, Minneapolis, Brooklyn <br /> Center, other interested cities in Hennepin County, and others is established to deveJop plans , <br /> for housing rehabilitation and removal, industrial polluted land cleanup, water ponding, <br /> environmental cleanup, community corridor connections, corridor planning, creation of green <br /> space, and job creation. <br /> The law also requires companies receiving a state benefit in the form of a state grant, loan, or , <br /> tax increment financing worth more than $25,000 to show a net increase in jobs within two ., <br /> years. It also requires the state agency providing assistance to negotiate job and wage goals, <br /> with the company required to reimburse the sate if it fails to meet those goals. <br /> Transportation (Chapter 265) This is the omnibus transportation funding bill, , <br /> appropriating funds for roads and bridges and for metropolitan transit. The law requires an <br /> additional traffic lane on I 394 near the Penn Avenue interchange, but it does not include any , <br /> specific funding for this project, The law also encourages MnDOT to complete the Wakota <br /> bridge reconstruction project at the earliest feasible date. consistent with available funding, <br /> Environment, Natural Resources, and Land Use (Chapter 220) This is the I <br /> omnibus environmental, natural resources, and agricuitural funding bill. Among the many , <br /> projects funded are the Sustainable Development Initiatives Round Table, assistance for <br /> counties developing comprehensive plans for tJ1e management and protection of rivers, and <br /> various environmental and land use data and mapping projects, The law also makes some I <br /> related program and policy changes. <br /> I <br /> .' <br /> , <br /> 3 , <br /> ----- <br />